Tuesday, April 12, 2011

HUD (thankfully) Changes Position on Reverse Mortgage Widows/ers

The Department of Housing and Urban Development Office recently changed its position on how it handles widows or widowers in the event their spouse passes and they were not previously listed as mortgagees on the original loan.  I did not do a lot of these, but this is still great news for those that recently lost a loved one and were facing losing their property on account of HUD's short-sightedness.  Read more here (via NYT)

No comments:

Post a Comment